The earnings call reflected significant challenges in key markets such as Travel Retail in China and the Americas, leading to decreased sales and profit forecasts. Despite strong growth in Japan and successful cost reduction efforts, the overall sentiment was tempered by the negative performance in other regions.
Company Guidance
During the Q3 2024 earnings call for 4911.T, the company provided detailed guidance on various metrics. Consolidated net sales on a like-for-like basis declined by 8% for the quarter and 3% cumulatively. The core operating profit was JPY 27.4 billion, down JPY 9.4 billion from the previous year, largely due to declining sales in high-margin segments like Travel Retail. Despite challenges, Japan's business showed double-digit growth, driven by the launch of new products. The company revised its full-year core operating profit forecast from JPY 55 billion to JPY 35 billion, while maintaining the year-end dividend forecast. Various regions and brands experienced mixed performances, with Japan seeing strong growth, while the Americas and China faced declines. The company plans to continue its cost reduction efforts, aiming for JPY 20 billion in benefits for the year, and is focused on structural reforms to improve profitability and productivity.
Significant Growth in Japan
The Japan market showed strong growth, with core brands achieving double-digit growth on a cumulative basis. ELIXIR accelerated its growth significantly to an 18% increase in the third quarter, and e-commerce sales expanded at a high 20% pace.
Cost Reduction and Profit Improvement
The company generated approximately JPY 4.5 billion in cost reduction benefits in the third quarter, expecting to generate JPY 20 billion in benefits for the year, which is JPY 5 billion more than initially forecasted.
Fragrance Segment Performance
The fragrance segment maintained strong performance, particularly in EMEA and the Americas, contributing to the overall brand growth.
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Shiseido Company (SSDOY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SSDOY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 07, 2024
$20.20
$20.80
+2.97%
Aug 07, 2024
$30.78
$30.61
-0.55%
May 10, 2024
$28.86
$28.93
+0.24%
Feb 09, 2024
$28.00
$28.43
+1.54%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Shiseido Company, Limited Sponsored Adr (SSDOY) report earnings?
Shiseido Company, Limited Sponsored Adr (SSDOY) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Shiseido Company, Limited Sponsored Adr (SSDOY) earnings time?
Shiseido Company, Limited Sponsored Adr (SSDOY) earnings time is at Feb 10, 2025, TBA Not Confirmed.
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